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What ways do you calculate your Stop Loss & Take Profit?
Anggota Sejak Apr 09, 2019
1 pos
Jun 26, 2019 at 12:48
Anggota Sejak Mar 21, 2017
25 pos
Hi Bsolo,
I think there is a little more to it than that, which currency pair are you trading? How much are you willing to risk on the trade?
I generally use the currency pair's ATR to assist in determining my TP or SL levels as some pairs are more volatile than others, therefore, may need a little more room to breath. That then affects the lot sizing etc.
Hope that makes some sense...
Russell
I think there is a little more to it than that, which currency pair are you trading? How much are you willing to risk on the trade?
I generally use the currency pair's ATR to assist in determining my TP or SL levels as some pairs are more volatile than others, therefore, may need a little more room to breath. That then affects the lot sizing etc.
Hope that makes some sense...
Russell
Anggota Sejak Jan 05, 2016
1189 pos
Jun 27, 2019 at 07:46
Anggota Sejak Jan 05, 2016
1189 pos
Bsolo posted:
Let's assume I have $100 in my account, @Teejy88 How will I calculate my sl and tp for buy/sell
What are the SL and TP requirements of YOUR specific strategy?
There are numerous factors which could be used to determine SL and TP price levels, however there is no 'one size fits all' solution that will work for all circumstances. What works well for one trader, may not work at all for another.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jun 27, 2019 at 11:55
Anggota Sejak Feb 22, 2011
4862 pos
alexbernal posted:NormalizeDouble(Bid-(SL*Point),Digits)
HOW DO YOU CALCULATE YOUR SL AND TP WHEN PLACING AN ORDER?
I seen people count the pips and subtracting and multiplying, I have also hear people using trading system to tell them, what do you use?
Anggota Sejak Jun 27, 2019
13 pos
Anggota Sejak May 28, 2019
12 pos
Anggota Sejak May 28, 2019
12 pos
Jul 02, 2019 at 06:58
Anggota Sejak May 28, 2019
12 pos
The best way in my experience to use SL levels is to put them where you'd no longer like to be in the trade, I don't base it on percentages as this is silly and will lead to putting your SL at an arbitrary value. I use percentage risk for my lot size AFTER I determine where I'd like my SL to be.
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